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$565,000

558 East School Street
Woonsocket, RI 02895
Listed by Blanchet Group
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
1900

About this home

Excellent investment opportunity! This 5-unit brick apartment building offers a great addition to any investment portfolio. The property consists of one 2-bedroom unit and four 1-bedroom units, with each apartment including a range and refrigerator. Additional features include a roof approximately 5 years old, vinyl replacement windows, natural gas heat and hot water, separately metered gas and electric, coin-operated washer and dryer, and a fully fire-coded building. The owner currently pays all utilities, presenting an opportunity for future expense management and potential increased cash flow. The durable brick exterior offers the benefit of lower-maintenance ownership. Conveniently located near shopping, restaurants, public transportation, and everyday amenities. With a strong rental history and income-producing potential, this property is an excellent opportunity for both seasoned and first-time investors.

Property details

MLS #
1423203
Property type
Commercial
Subdivision
Social
Status
Active
Days on market
N/A
On market date
September 21, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
1
Lot size
0.04 acres
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Nearby schools

Within 10 miles · public school directory data (NCES)

ElementaryCharter
RISE Prep Mayoral Academy Ele
0.13 mi away · Grades 0-6
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
382
Student:teacher ratio
14.7:1
District
RISE Prep Mayoral Academy
Middle
Woonsocket Middle @ Villa Nova
0.38 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
629
Student:teacher ratio
9.8:1
District
Woonsocket
HighCharter
BEACON Charter School
0.61 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
217
Student:teacher ratio
13.6:1
District
Beacon Charter School

Walkability

Blended score for Woonsocket's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

74
Walkable
out of 100
EPA National Walkability Index
11.2 / 20 -- Above average walkable
Nearby-amenity density
100 / 100
Restaurants & cafes20
Grocery stores14
Parks14
Schools14
Transit stops20
Pharmacies4

Market position

How this listing compares to current activity in Woonsocket, from live MLS data.

On the market 0 days -- 67 fewer days than Woonsocket's current average of 67 days.
For reference, the median list price across 325 active listings in Woonsocket right now is $409,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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/mo
Est. monthly payment
$3,552/mo
$113,000 down
$452,000 loan
Principal & interest$2,932
Property tax (est.)$471
Home insurance (est.)$150

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Data source: Listing information provided by Rhode Island Association of REALTORS via Trestle/CoreLogic. Last updated 4 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.